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Debt Stress Prevents 1 in 3 Americans From Vacationing

Written by: MainStreet07/24/13 - 4:03 PM EDT

By Juliette Fairley

NEW YORK (MainStreet) -- Americans suffering from debt stress are putting off what they most need to help them unwind -- a vacation. About 30% say they delayed a getaway in the past 12 months because of debt, according to a CreditCardGuide.com study.

The report found that as people age, they replace old worries with new ones. For example, 31% of 18- to 29-year-olds say they're most worried about student loan debt and only 7% of them worry about mortgage debt the most. Those numbers flip-flop in the 50 to 64 age bracket: 8% are most worried about student debt while 23% worry most about mortgage debt.

Incorporate the following tips when planning a summer getaway on a budget:

1. Purchase comprehensive travel medical insurance that can help to protect you in the event you need medical care when traveling.

2. Bring a back up form of payment when travelling in the event of a lost credit card or stolen cash. For example, store a debit card or a small amount of cash separately, which you can use in an emergency.

3. Reduce travel costs by using loyalty points to help pay for hotels, rental cars, flights and other travel expenses.